$ADA /USDT BEARISH OUTLOOK 📉
Key Levels:
- Current Price: $0.8503
- Resistance Levels: $0.8600, $0.8800
- Support Levels: $0.8400, $0.8200
Trade Setup:
- Short Entry: $0.8500
- Take Profit (TP):
- TP1: $0.8400
- TP2: $0.8200
- Stop Loss (SL): $0.8600
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust to risk no more than 2% of your trading capital.
Summary:
We are looking to short $ADA/USDT due to the bearish trend indicated by the recent price action. The price has failed to break above the resistance levels and is showing signs of downward momentum. The trade setup aims to capitalize on this potential decline with well-defined targets and a strict stop loss to manage risk effectively. 📉
Happy trading and may the market be in your favor! 📈💸
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